Average Adjuster

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Average Adjuster

A person or company hired by an insurer to determine whether and how to pay a loss claimed on a maritime insurance policy. See also: General Average, Particular Average.
References in periodicals archive ?
Loechner is a member of American Marine Insurance Forum, Association of Average Adjusters, and the U.
Fellin is a member and current Secretary of the Association of Average Adjusters in the U.
Odd as that may seem, most claims are adjusted via the insertion, usually by reference, of the York-Antwerp Rules (Association of Average Adjusters 2003-10) into ocean bills of lading, contracts of affreightment, other contracts of carriage, and marine insurance policies.
Further, the York-Antwerp Rules' 2004 Rule of Interpretation says: "In the adjustment of general average the following Rules shall apply to the exclusion of any Law and Practice inconsistent therewith" (Association of Average Adjusters 2003-10).
He is an active member of The International Association of Claims Professionals, The City Forum, The London Market Claims Council and the Association of Average Adjusters, as well as a number of Lloyd's committees.
Carbin is a member of the American Bar Association, the New York State Bar Association and the United States Association of Average Adjusters.
Both authors are fellows of the Association of Average Adjusters and have been chairmen of the association in the course of their careers.